Virginia Beach, Virginia

Virginia Beach, Virginia Details

The cost of living is higher here than in other parts of Virginia, as well as most other parts of the United States. AreaVibes ranks the cost living at 118 compared to 108 in Virginia as a whole and compared to 100 in the rest of the United States. This demonstrates an 11% higher cost of goods and services in Virginia Beach as compared to the rest of the state, and a 10% higher cost as compared to the rest of the United States.

According to data from NeighborhoodScout, the most expensive neighborhood is Cavalier Park, with a median home price of $859,400 (making it a more pricey neighborhood than 96.6% of those in the rest of the state and 95.4% of those in the rest of the country). Interestingly enough, the rental prices are more reasonable, falling at an average of $1,531 which is lower than 43.9% of neighborhoods in the rest of the state. It is located right on the beach and has a low crime right and is very walkable, making it ideal for retirees. It contains the Princess Anne Country Club as well as the Cavalier Golf and Yacht Club. It is a very educated area, containing 68.9% of inhabitants who have acquired at minimum a 4-year B.A. (which is 46.3% higher than an average neighborhood in the rest of the country). This area is notorious for great schools.

The safest neighborhood is Sandbridge Rd / Princess Anne Rd, with a median home price of $420,794 (73.6% higher than the rest of the neighborhoods in Virginia and 78.0% higher than the rest of the neighborhoods in the U.S.). The average rental cost is $2,470, higher than 87.9% of other areas in the state. However, not many houses are rented since the area is primarily occupied by people who own their own homes, which is a good indicator of the safety of the neighborhood. It also has a very high proportion of residents who are active in the military. Notably, this neighborhood contains more 4 or 5+ bedroom houses than 97.2% of the rest of the country. It is also rated well for schooling.

A more affordable neighborhood for buying a home is Haig Cir / Macarthur Rd, with a median home price of $217,339. However, the price is high to rent, with a median of $1,939. This area also has a very high amount of row houses, totalling 35.5% of the real estate in the area. It is predominantly populated by college students due to its low rates of crime and good walkability. It is ranked as 89.3% better for college students than anywhere else in Virginia.

Virginia Beach is an enticing opportunity for anyone, but is generally rather expensive and caters to a wealthy crowd. It does, however, have a lively art scene and a population of students, making it a unique place to live.

Virginia Beach Property Management

Our property management team specializes in residential areas throughout Virginia Beach, VA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.

Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Virginia Beach area property management services.